{"id":9841,"date":"2022-10-03T05:13:34","date_gmt":"2022-10-03T05:13:34","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/03\/credit-suisse-facing-lehman-like-moment-rings-attention-to-bitcoin\/"},"modified":"2022-10-03T05:13:34","modified_gmt":"2022-10-03T05:13:34","slug":"credit-suisse-facing-lehman-like-moment-rings-attention-to-bitcoin","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/03\/credit-suisse-facing-lehman-like-moment-rings-attention-to-bitcoin\/","title":{"rendered":"Credit Suisse Facing Lehman-Like Moment rings Attention to Bitcoin"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/bitcoin-takes-the-center-stage-amid-talks-of-credit-suisse-collapse\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Another Lehman-like second is brewing up within the banking house with Swiss banking big Credit Suisse being at a \u201ccritical\u201d second now. Credit Suisse Chief Executive Officer\u00a0Ulrich Koerner mentioned that the financial institution is making ready for the most recent overhaul and has requested buyers lower than 100 days for a turnaround story.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>The Swiss financial institution\u2019s credit score default swaps i.e. the price of insuring the agency\u2019s bonds towards default jumped 15% final week to ranges not seen for the reason that 2009 Lehman disaster.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">*A LARGE INVESTOR THAT DEALS WITH CREDIT SUISSE SAYS THE INVESTMENT BANK IS A DISASTER, CDS TRADING LIKE A &#8216;LEHMAN MOMENT&#8217; ABOUT TO HIT \u2013 FBN<a href=\"https:\/\/twitter.com\/hashtag\/CreditSuisse?src=hash&amp;ref_src=twsrc%5Etfw\">#CreditSuisse<\/a> \ud83c\udde8\ud83c\udded\ud83c\udde8\ud83c\udded <a href=\"https:\/\/t.co\/UiG0FzRucA\">pic.twitter.com\/UiG0FzRucA<\/a><\/p>\n<p>\u2014 Investing.com (@Investingcom) <a href=\"https:\/\/twitter.com\/Investingcom\/status\/1576457410604339201?ref_src=twsrc%5Etfw\">October 2, 2022<\/a><\/p>\n<\/blockquote>\n<p>Along with Credit Suisse, Deutsche Bank can be assumed to be in an identical state of affairs. The asset base of those two European banks mixed is $2.5 trillion which is 4 instances the asset base of the Lehman brothers in the course of the time of its collapse.<\/p>\n<p>As we see historical past might be repeating itself, world buyers are driving their consideration as soon as once more to Bitcoin as a protected haven. The decentralized cryptocurrency was created after the Lehman collapse to insulate buyers from the worldwide banking establishments and world markets.<\/p>\n<p>While the worldwide market has been displaying large volatility final week, Bitcoin surprisingly stays rock stable. As of press time, Bitcoin is buying and selling at $19,200 with a market cap of $367 billion.<\/p>\n<p>If Credit Suisse actually goes the Lehman method, it might most likely function an enormous increase for Bitcoin and crypto over the subsequent decade.<\/p>\n<h3>Bitcoin or Gold?<\/h3>\n<p>Commenting on this newest improvement, Barry Silbert, founding father of Digital Currency Group, the mum or dad agency of Grayscale Investments, wrote: \u201cBitcoin is about to become the safe haven asset. Nowhere else to hide\u201d.<\/p>\n<p>Bitcoin critic Peter Schiff was fast to reply to it stating that it could be prudent to purchase Gold and drop Bitcoin. He <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1576759302580469760\" target=\"_blank\">wrote<\/a>: \u201c<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Where do you hide from The Grayscale Bitcoin Trust? It\u2019s down 80%. Why would Bitcoin suddenly become a safe haven asset if it has never been a safe haven in the past? If you want a proven safe haven drop <\/span><span class=\"r-18u37iz\">#Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u00a0and buy <\/span><span class=\"r-18u37iz\">#gold\u201d<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">.<\/span><\/p>\n<p>But Bloomberg\u2019s senior commodity strategist Mike McGlone lately mentioned that each Bitcoin and Gold can outperform over the subsequent decade trying on the present macro situation. He added: \u201cThe most central banks in history hike[d] rates with the world tilting toward recession. Lower commodity and risk-asset prices may be the only way out with deflationary implications, which should buoy the price of gold and its digital version, Bitcoin\u201d.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA123206\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD123206\">\n<p> The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-takes-the-center-stage-amid-talks-of-credit-suisse-collapse\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Another Lehman-like second is brewing up within the banking house with Swiss banking big Credit Suisse being at a \u201ccritical\u201d second now. Credit Suisse Chief Executive Officer\u00a0Ulrich Koerner mentioned that the financial institution is making ready for the most recent overhaul and has requested buyers lower than 100 days for a turnaround story. The 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